STATE OF BUSINESS: Mrs. Celinsky & the Saloon

In Manhattan last week, Jones &
Laughlin Steel Corp.'s Chairman Ben Moreell stood up before a special
Wage Stabilization Board panel which is trying to decide if 650,000 of
the nation's steelworkers are entitled to another wage boost. Said
Admiral Moreell (ret.): the union's demand for an 18½¢ raise plus
fringe benefits which are estimated to bring the total raise up to 50¢
an hour would set off such a wave of rising prices that it would
probably cost Jones & Laughlin $95 million a year, $10 million more
than all of...